There is a time process from fund application to confirmation, but this does not affect investors' investment, because the net value of the subscription is based on the effective subscription date, and confirmation only means that the fund share is paid to the investor's account. Therefore, the application date is the date when the investor submits the application to the fund company, and the confirmation date is the date when the fund share given by the fund company to the investor arrives.

The fund T+N refers not to the purchase date, but to the confirmation date. If you sell through a bank, it is usually T+2, that is, two days after the trading day, you will receive confirmation information from the fund company to confirm that you have bought or sold, and the transaction amount is how much, like this. If it is a direct customer, it is generally T+ 1. T is the trading day.

Funds can be divided into broad sense and narrow sense. Broadly speaking, a fund refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. People usually refer to funds mainly as securities investment funds.